Oregon List of creditors holding 20 largest secured claims - Not needed for Chapter 7 or 13 - Form 4 - Post 2005

• Category: Bankruptcy - Creditors
• State: Multi-State
• Control #: US-BKR-F4
• Format: Word; PDF; Rich Text

Description

This form is a list of creditors holding the 20 largest unsecured claims. The form lists the name of the creditor, the nature of the claim, and the amount of the claim. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases. Oregon List of Creditors Holding 20 Largest Secured Claims — Not needed for Chapter 7 or 1— - Form 4 — Post 2005 In Oregon, when filing for bankruptcy under Chapter 7 or Chapter 13 after 2005, debtors may be required to submit Form 4: List of Creditors Holding 20 Largest Secured Claims. This form serves as a comprehensive inventory of the debtor's creditors who hold the largest secured claims against their assets. While the specific names of the different types of this Oregon list may vary, the purpose remains the same — to disclose significant secured creditors and provide crucial information regarding the debtor's financial obligations. Secured claims are debts in which the creditor holds a legal interest or collateral in the debtor's property. The inclusion of "20 largest" indicates that the debtor must prioritize the creditors based on the value or size of the secured claims. By identifying the top 20 creditors, the bankruptcy court gains insight into the debtor's financial situation and can take appropriate actions accordingly. Form 4, as required under Oregon jurisdiction, obliges the debtor to provide precise details about each creditor holding a significant secured claim. This comprehensive information collected on Form 4 includes, but is not limited to: 1. Creditor Name: The full legal name of the creditor or the company they represent. 2. Mailing Address: The complete postal address where the creditor receives correspondence. 3. Secured Claim Amount: The specific dollar amount representing the size of each creditor's secured claim against the debtor's assets. 4. Collateral Description: A detailed description of the collateral or property securing each creditor's claim. This description should be sufficiently comprehensive to avoid confusion or ambiguity. 5. Outstanding Balance: The remaining balance of the secured claim owed to each creditor at the time of filing. 6. Nature of Debt: A brief explanation outlining the nature of the debt owed to the creditor. For example, it could indicate a mortgage, car loan, or any other type of property-specific debt. 7. Status on Filing Date: A statement indicating whether the debt was solely personal or jointly acquired with another party. This information clarifies whether both debtors share responsibility or only one party is liable. 8. Priority: The priority level assigned to each creditor. Higher-priority creditors may be entitled to receive payment before lower-priority ones during the bankruptcy process. It is essential for debtors filing for bankruptcy in Oregon to understand the significance of accurately completing the List of Creditors Holding 20 Largest Secured Claims. Omitting or providing incomplete information can result in delays, legal complications, or even denial of bankruptcy discharge. Note: The specific name or format of the Oregon List of Creditors Holding 20 Largest Secured Claims may differ across different jurisdictions within the state. Debtors are advised to consult with a bankruptcy attorney or refer to local regulations to ensure compliance with the correct form.

Oregon List of Creditors Holding 20 Largest Secured Claims — Not needed for Chapter 7 or 1— - Form 4 — Post 2005 In Oregon, when filing for bankruptcy under Chapter 7 or Chapter 13 after 2005, debtors may be required to submit Form 4: List of Creditors Holding 20 Largest Secured Claims. This form serves as a comprehensive inventory of the debtor's creditors who hold the largest secured claims against their assets. While the specific names of the different types of this Oregon list may vary, the purpose remains the same — to disclose significant secured creditors and provide crucial information regarding the debtor's financial obligations. Secured claims are debts in which the creditor holds a legal interest or collateral in the debtor's property. The inclusion of "20 largest" indicates that the debtor must prioritize the creditors based on the value or size of the secured claims. By identifying the top 20 creditors, the bankruptcy court gains insight into the debtor's financial situation and can take appropriate actions accordingly. Form 4, as required under Oregon jurisdiction, obliges the debtor to provide precise details about each creditor holding a significant secured claim. This comprehensive information collected on Form 4 includes, but is not limited to: 1. Creditor Name: The full legal name of the creditor or the company they represent. 2. Mailing Address: The complete postal address where the creditor receives correspondence. 3. Secured Claim Amount: The specific dollar amount representing the size of each creditor's secured claim against the debtor's assets. 4. Collateral Description: A detailed description of the collateral or property securing each creditor's claim. This description should be sufficiently comprehensive to avoid confusion or ambiguity. 5. Outstanding Balance: The remaining balance of the secured claim owed to each creditor at the time of filing. 6. Nature of Debt: A brief explanation outlining the nature of the debt owed to the creditor. For example, it could indicate a mortgage, car loan, or any other type of property-specific debt. 7. Status on Filing Date: A statement indicating whether the debt was solely personal or jointly acquired with another party. This information clarifies whether both debtors share responsibility or only one party is liable. 8. Priority: The priority level assigned to each creditor. Higher-priority creditors may be entitled to receive payment before lower-priority ones during the bankruptcy process. It is essential for debtors filing for bankruptcy in Oregon to understand the significance of accurately completing the List of Creditors Holding 20 Largest Secured Claims. Omitting or providing incomplete information can result in delays, legal complications, or even denial of bankruptcy discharge. Note: The specific name or format of the Oregon List of Creditors Holding 20 Largest Secured Claims may differ across different jurisdictions within the state. Debtors are advised to consult with a bankruptcy attorney or refer to local regulations to ensure compliance with the correct form.